United Kingdom‐based SRAM & MRAM Group will invest $100 million in SpiceXpress and Logistics Pvt. Limited. Both sides have signed a MoU as part of the investment deal. SpiceJet Ltd. recently completed the hive off ‘SpiceXpress’ into a separate entity effective April 1, 2023 paving the way for the Company to raise funds independently. Headquartered…
Cloverly, a technology-enabled climate protection platform, announced that the company has closed a $19 million Series A funding round. The investment was led by Grotech Ventures, a leading global technology investor. Other leading companies such as Aquiline Technology Growth, Impact Engine, Mission One Capital, New Climate Ventures and CreativeCo Capital have joined and were supported by existing investors such as Tech Square Ventures, SoftBank Opportunity Fund,…
KKR, a global investment firm, announced the signing of a definitive agreement under which investment funds managed by KKR will acquire Industrial Physics, a leading manufacturer of testing and measurement instruments, from Union Park Capital (UPC). KKR plans to support the Company in its continued growth organically and through add-on acquisitions. Financial terms were not…
ABB India expands its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments. ABB’s variable speed drives are used to control the speed of…
Accenture has made a strategic investment, through Accenture Ventures, in Stardog, a leading enterprise knowledge graph platform enabling organizations to do more with, and achieve greater value from, their data in this age of generative artificial intelligence (AI). Stardog Enterprise Knowledge Graphs, with their ability to make real-world context machine-understandable, are used by companies to facilitate better enterprise…
Save Max Real Estate announced the inauguration of its new head office in Gurugram, India. The new office space boasts a modern, sleek aesthetic featuring open workspaces, private meeting rooms, and state-of-the-art technology. Designed to encourage collaboration and creativity, the space includes comfortable breakout areas and communal spaces for team members. The Founder and CEO…
Shipturtle, a global SaaS platform founded by IIM Calcutta alum Sharad Kabra, has raised INR 3.5 crore in a seed funding round led by Inflection Point Ventures. Sharad has earlier co-founded myBageecha.com and gabbarfarms.com. The funds will help the company strengthen its technology and expand its customer reach globally. The startup aims to become the world’s…
EV logistics startup Zyngo said it has raised $5 million in a round led by Delta Corp Holding, with participation by existing investor LC Nueva Investment Partners LLP, according to ET report. The startup said that the funds will be used to increase its fleet size, expand to new regions, and improve technology. Zyngo currently…
TerraPay, a global payments infrastructure company, announced a strategic equity investment from Visa, a world leader in digital payments. In addition, the companies are collaborating to connect Visa solutions to the TerraPay network to help streamline digital cross-border commerce for consumers and SMBs. Visa Direct, which facilitates the delivery of funds directly to eligible cards,…
Gabriel India Limited, ANAND Group’s BSE-listed flagship company, signed a Technical Collaboration and Alliance agreement with the $1.5 billion Dutch-based Inalfa Roof Systems (Inalfa) to manufacture sunroofs for the fast-growing Indian automotive market. The newly formed Inalfa Gabriel Sunroof Systems Pvt. Ltd. (IGSS), which will initially be a wholly owned subsidiary of Gabriel India (gabr.ns),…
Accenture has agreed to acquire Objectivity, a digital engineering firm specializing in cloud and platform development services that help clients accelerate their transformation journey for rapid innovation. Terms of the transaction were not disclosed. With headquarters in Coventry, UK, Objectivity’s highly-skilled team will join Accenture, bringing additional scale and resources from Objectivity’s operations in the UK, Poland,…
Mastek, a Digital Engineering & Cloud Transformation Partner, announced the inauguration of a new facility in Chennai, India. The new office will serve as an innovation & development center providing services across all capability areas to global clients. Mastek’s move to this new location will support the organization’s endeavor to decomplex digital for its clients…
Accordion, the private equity-focused financial and technology consulting firm, announced it has signed a definitive agreement to acquire Merilytics, a world-class provider of advanced analytics, data management, and business intelligence reporting solutions to businesses around the world. The strategic acquisition of Merilytics will be the foundation of Accordion’s Data & Analytics Practice to strengthen long-term…
Fintech startup Fundly.ai said it has raised $3 million in a seed funding round, led by Accel, according to ETtech report. Other investors in the round included Multiply Ventures and other angel investors. The pharma supply chain startup that services retailers and distributors also financially equips them to manage better cash flows and increase their…
Sprinklr, the unified customer experience management (Unified-CXM) platform for modern enterprises, announced the opening of a new office in Gurgaon, India. The new office is in the heart of Gurgaon’s business district and is the global research and development (R&D) hub for Sprinklr. It is designed to provide a flexible and inclusive work environment for…